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(Z17) Immediate Focus On 55-DMA *RES.....>

GILT TECHS
GILT TECHS: (Z17) Immediate Focus On 55-DMA
*RES 4: 127.61 Low Sept 8 now resistance 
*RES 3: 127.18 Low Sept 11 now resistance 
*RES 2: 126.80 Low Aug 24 now resistance 
*RES 1: 126.49 Low Aug 23 now resistance
*PREVIOUS CLOSE: 126.11
*SUP 1: 126.08 Bollinger band base 
*SUP 2: 126.06 Low Sept 12 
*SUP 3: 125.95 55-DMA 
*SUP 4: 125.63 Low July 25
*COMMENTARY: Pressure on the 21-DMA and daily bull channel base took its toll
Tuesday with an aggressive sell-off and bearish close that leaves immediate
bearish pressure on the 55-DMA today. Bears look for a close below the 55-DMA to
shift initial focus to 125.63 and overall focus back to 124.71. Layers of
resistance are now weighing with bulls needing a close above 126.80 to gain
breathing room and above 127.61 to shift focus back to 128.24.

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